CAT 1997 — DILR Question 38
TablesEasy
Passage / Data
Direction: Answer the questions based on the following table.
The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.
ââââââââââââââ
What is the simple annual rate of increase in the number of agricultural loans from 1970 to 1983?
Answer & solution
- A
132%
- B
81%
75%
- D
1056%
Solution
From 1970 to 1983, in 13 years the number of agricultural loans went up from 18,300 to 2,11,600, an increase of 1,93,300. So percentage increase in this = = 1057. However, this growth is spread across 13 years. Hence, simple annual rate of increase = = 81.3% = 81 (Approximately)